Oct 9, 2011

More predictions on the Nobel Prize in Economics

A day before the announcement of the prestigious 10 million kronor ($1.5 million) award, Americans Robert Barro and Paul Romer stand out as favorites for the prize for their research on growth, leading experts say.

It looks like a very solid combination! See this videowhere Paul Romer explains charter cities and institutional transformations. His main idea is that we need institutions to change existing institutions. Pretty interesting!